Market Overview:
The global demand response management systems market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing awareness about energy conservation and rising demand for automated demand response systems. The global demand response management systems market is segmented on the basis of type, application, and region. On the basis of type, the market is segmented into conventional demand response and automated demand response. On the basis of application,themarketis dividedinto industrial, domestic,and commercial applications.
Product Definition:
A demand response management system (DRMS) is a software system used by electric utilities to manage and control customer demand for electricity. The purpose of a DRMS is to manage customer load in order to improve the reliability of the electrical grid and reduce costs. DRMS can be used to manage both residential and commercial customers, and can include features such as load curtailment, voltage regulation, energy storage, peak shaving, time-of-use pricing, and smart meters.
Conventional Demand Response:
Conventional Demand Response (CDR) is a demand response management solution that enables utilities to manage the demand response. It is also known as load shifting or passive capacity addition. The conventional CDR market size was valued at USD 1,19,000 in 2015 and is expected to grow at a CAGR of XX% from 2016 to 2024.
Automated Demand Response:
Automated Demand Response (ADR) is a smart grid technology that enables customers to manage energy consumption by using automated equipment. It helps in shifting the load from peak to off-peak demand periods and reduces the need for conventional power plants.
Demand response management systems are used for managing both transmission.
Application Insights:
Demand response management systems are used in a variety of applications including industrial, domestic and commercial. The industrial segment accounted for the largest revenue share of over 50% in 2017. Demand response management systems have been gaining traction in the industrial sector to manage peak demand as well as reduce electricity costs by reducing generation during high-cost periods.
Demand Response Management Systems (DRMS) help utilities control power usage across various industries through an automated system that enables real-time control and monitoring enabling energy efficient operations while optimizing plant output levels. DRMSs provide end-to-end solutions from demand side resources to load side resources, which include everything from hardware installation to billing & customer support services for its users.
Regional Analysis:
North America is expected to dominate the global demand response management systems market over the forecast period. The region has been witnessing increasing adoption of DRMS in various industrial applications such as oil & gas, power, and others. This can be attributed to growing awareness about benefits of these systems and rising need for energy efficiency in order to reduce carbon footprint.
The Asia Pacific regional market is anticipated to witness significant growth over the next eight years owing to increasing awareness among customers regarding benefits offered by these systems coupled with growing need for better infrastructure services leading to improved customer experience across various industries such as healthcare, transportation & logistics, water resources management (WSM), and others.
For instance; In India; The Ministry Of New.
Growth Factors:
- Increasing demand for energy efficiency and sustainability in the commercial and industrial sectors
- Rapid growth of the Internet of Things (IoT) and big data analytics, which will help DRMS providers to better manage loads
- Proliferation of distributed energy resources (DERs), such as solar PV and battery storage, which will create new opportunities for DRMS providers
- Stringent government regulations mandating energy savings or emissions reductions from large commercial and industrial facilities
- Growing interest in using DRMS to provide grid services such as frequency regulation
Scope Of The Report
Report Attributes
Report Details
Report Title
Demand Response Management Systems Market Research Report
By Type
Conventional Demand Response, Automated Demand Response
By Application
Industrial, Domestic, Commercial
By Companies
ABB, Siemens, Honeywell, Schneider Electric, AutoGrid, GE, EnerNOC, Johnson Controls, Itron, Lockheed Martin
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
248
Number of Tables & Figures
174
Customization Available
Yes, the report can be customized as per your need.
Global Demand Response Management Systems Market Report Segments:
The global Demand Response Management Systems market is segmented on the basis of:
Types
Conventional Demand Response, Automated Demand Response
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Industrial, Domestic, Commercial
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- ABB
- Siemens
- Honeywell
- Schneider Electric
- AutoGrid
- GE
- EnerNOC
- Johnson Controls
- Itron
- Lockheed Martin
Highlights of The Demand Response Management Systems Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Conventional Demand Response
- Automated Demand Response
- By Application:
- Industrial
- Domestic
- Commercial
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Demand Response Management Systems Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Demand response management systems (DRMS) are a type of energy management system that helps utilities manage and respond to changes in electricity demand. DRMS can help reduce the amount of energy used during peak hours, which can lower utility bills for customers.
Some of the key players operating in the demand response management systems market are ABB, Siemens, Honeywell, Schneider Electric, AutoGrid, GE, EnerNOC, Johnson Controls, Itron, Lockheed Martin.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Demand Response Management Systems Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Demand Response Management Systems Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Demand Response Management Systems Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Demand Response Management Systems Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Demand Response Management Systems Market Size & Forecast, 2020-2028
4.5.1 Demand Response Management Systems Market Size and Y-o-Y Growth
4.5.2 Demand Response Management Systems Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Conventional Demand Response
5.2.2 Automated Demand Response
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Industrial
6.2.2 Domestic
6.2.3 Commercial
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Demand Response Management Systems Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Demand Response Management Systems Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Conventional Demand Response
9.6.2 Automated Demand Response
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Industrial
9.10.2 Domestic
9.10.3 Commercial
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Conventional Demand Response
10.6.2 Automated Demand Response
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Industrial
10.10.2 Domestic
10.10.3 Commercial
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Conventional Demand Response
11.6.2 Automated Demand Response
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Industrial
11.10.2 Domestic
11.10.3 Commercial
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Conventional Demand Response
12.6.2 Automated Demand Response
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Industrial
12.10.2 Domestic
12.10.3 Commercial
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Conventional Demand Response
13.6.2 Automated Demand Response
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Industrial
13.10.2 Domestic
13.10.3 Commercial
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Demand Response Management Systems Market: Competitive Dashboard
14.2 Global Demand Response Management Systems Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 ABB
14.3.2 Siemens
14.3.3 Honeywell
14.3.4 Schneider Electric
14.3.5 AutoGrid
14.3.6 GE
14.3.7 EnerNOC
14.3.8 Johnson Controls
14.3.9 Itron
14.3.10 Lockheed Martin
